Market Overview:
The global micro balloon catheter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in micro balloon catheters, and rising demand for minimally invasive procedures. Based on type, the global micro balloon catheter market is segmented into latex micro balloon catheters, silicone micro balloon catheters, and others. The latex micro balloon catheter segment is expected to account for the largest share of the global market in 2018. This segment is also projected to grow at a CAGR of 5.7% during the forecast period from 2018 to 2030 due to its low cost and high availability as compared with other types of micro balloons Catheters .
Product Definition:
A micro balloon catheter is a small, thin tube that is inserted through an artery to the heart. It is used to measure and improve blood flow in the heart.
Latex Micro Balloon Catheter:
Latex micro balloon catheter is a small, flexible, hollow tube made from latex. It is designed to fit into the blood vessels and it helps in delivering drugs or fluids to the site of action.
Silicone Micro Balloon Catheter:
A silicone micro balloon catheter is a small, hollow tube made from silica that is used to inject fluid into the blood vessel. It has thin walls and it's flexibility makes it easy to insert in any kind of vessels. The silicon material helps in increasing the flow rate of fluids which results in high accuracy and efficiency when compared with other catheters available in the market.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and ambulatory surgical centers. Hospitals held the largest share in 2017 owing to factors such as a high prevalence of chronic diseases and an increasing number of hospital-based diagnostic procedures. In addition, hospitals are considered to be the most prominent institutions where micro balloon catheters are used for various applications such as angiography or cardiac electrophysiology studies.
The clinics segment is expected to witness lucrative growth over the forecast period due to rising demand for minimally invasive treatments resulting in lesser time required for recovery compared with conventional surgeries. Minimally invasive procedures require highly skilled professionals who have undergone years of training and experience which has resulted in higher adoption at clinics over traditional surgeries performed by surgeons.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies and increasing prevalence of cardiovascular diseases & blood disorders are some factors driving the regional demand. In addition, growing number of research studies conducted to determine Balloon Occlusion Technology (BOT) is also expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising geriatric population base with cardiac problems and increasing incidences of chronic diseases such as cancer, diabetes & obesity which result in an increased need for surgeries & procedures requiring microcatheters/ Balloon Occlusion Technology (BOT). Moreover, improving healthcare facilities along with a rise in disposable income will boost industry expansion over this region’s horizon.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Micro balloon catheters are an important part of many minimally invasive surgical procedures and are thus likely to benefit from this growth trend.
- Technological advancements: The micro balloon catheter market is constantly evolving with new technological advancements being made in the field on a regular basis. This has led to the development of new products that offer better performance and increased safety compared to older models. This trend is likely to continue in the future, resulting in further innovation and growth in the micro balloon catheter market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Balloon Catheter Market Research Report
By Type
Latex Micro Balloon Catheter, Silicone Micro Balloon Catheter, Others
By Application
Hospitals, Clinics, Ambulatory Surgical Centers
By Companies
Terumo, Cook Group, Piolax Medical Devices, Boston Scientific, Stryker, Medtronic, Edward Life Sciences, MicroPort Scientific, B. Braun Holding
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Micro Balloon Catheter Market Report Segments:
The global Micro Balloon Catheter market is segmented on the basis of:
Types
Latex Micro Balloon Catheter, Silicone Micro Balloon Catheter, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Terumo
- Cook Group
- Piolax Medical Devices
- Boston Scientific
- Stryker
- Medtronic
- Edward Life Sciences
- MicroPort Scientific
- B. Braun Holding
Highlights of The Micro Balloon Catheter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Latex Micro Balloon Catheter
- Silicone Micro Balloon Catheter
- Others
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro Balloon Catheter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A micro balloon catheter is a small, thin tube that is inserted into the bladder through the urethra. It is used to measure how much urine a person has produced in a day or during an illness.
Some of the key players operating in the micro balloon catheter market are Terumo, Cook Group, Piolax Medical Devices, Boston Scientific, Stryker, Medtronic, Edward Life Sciences, MicroPort Scientific, B. Braun Holding.
The micro balloon catheter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro Balloon Catheter Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Micro Balloon Catheter Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Micro Balloon Catheter Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Micro Balloon Catheter Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Micro Balloon Catheter Market Size & Forecast, 2020-2028 4.5.1 Micro Balloon Catheter Market Size and Y-o-Y Growth 4.5.2 Micro Balloon Catheter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Latex Micro Balloon Catheter
5.2.2 Silicone Micro Balloon Catheter
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro Balloon Catheter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Micro Balloon Catheter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Latex Micro Balloon Catheter
9.6.2 Silicone Micro Balloon Catheter
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Latex Micro Balloon Catheter
10.6.2 Silicone Micro Balloon Catheter
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Latex Micro Balloon Catheter
11.6.2 Silicone Micro Balloon Catheter
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Latex Micro Balloon Catheter
12.6.2 Silicone Micro Balloon Catheter
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Latex Micro Balloon Catheter
13.6.2 Silicone Micro Balloon Catheter
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Micro Balloon Catheter Market: Competitive Dashboard
14.2 Global Micro Balloon Catheter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Terumo
14.3.2 Cook Group
14.3.3 Piolax Medical Devices
14.3.4 Boston Scientific
14.3.5 Stryker
14.3.6 Medtronic
14.3.7 Edward Life Sciences
14.3.8 MicroPort Scientific
14.3.9 B. Braun Holding